Addis Ababa Medical College – Hargeisa Branch

SEPA Migration

April 22nd, 2014

SEPA migration: The two sides of the same coin the time window for the changeover to SEPA begins to close: the migration of the data must be completed until February 2014 and the changeover to SEPA already show large differences between large global enterprises and medium-sized businesses. Threatens during this critical period may be a paralysis of the changeover process? AccessPay founder and SEPA expert Ali Moiyed manifests itself to the SEPA comments by Anne Coghlan, head of the Treasury of the globally active technology group Dyson from United Kingdom, which is known mainly for vacuum cleaners and hand dryers. To the beginning of the month, Anne Coughlan, head of the Group’s treasury Dyson had explained how the company prepare the SEPA migration must be completed up to the SEPA deadline in February 2014. The full interview with Finextra, which was recorded at the swift business forum in London can be found here. Coughlan short exhorted the Treasury departments nationwide for the SEPA Migration are responsible, do not grind the reins and promptly carry out the conversion. Coughlan also pointed out that the subject of SEPA long zips through the minds of competent, that trade and finance departments then have lost interest because, if the preparations for the changeover to the SEPA should actually be intensified. At Dyson, the migration process is largely complete, according to Coughlan.

The changeover to SEPA was run smoothly, because in the context of the transition to SEPA compliant formats the collaboration with the banks newly was written out. Coughlan expressed very positive on the banks and the deliberations about a best SEPA migration, which was offered by the candidates. You be offered optimal strategies to well to opportunities arising from SEPA. This is pleasing to hear, but the thing looks at companies that less than even a number the global technology company Dyson, unfortunately quite different. There simply is not enough Consultant at the banks, which in time can help all companies and even large companies risk not to comply with the SEPA rules.

Many finance departments already occurred exactly the deadlock before warned Coughlan, and estimates zufolg have not set themselves apart many companies with the subject of SEPA migration. While they can afford, waiting for that banks offer to help them. Finally, the banks are busy themselves with their own SEPA migration. For companies nationwide, it is so much more sense to take care of themselves actively to the SEPA migration and to seek the help of service providers, such as AccessPay. By expertise and time by third parties are bought, the heavy fines can be avoided, threaten all companies if their payment transactions in a timely manner comply with the SEPA compliant rules. It is time for the entire business world, not only for large companies such as Dyson, to prepare on SEPA and planning for the SEPA migration to start. SEPA is the key to a faster, cheaper and more efficient payment method in Europe – now take the foot off the gas and developing more just to be seen would be calamitous.